Valuations Specialist

Vaco; New York (NY); On-site; USD 240,000 - 250,000; Full time

Job summary

Investment Management Firm in Midtown Manhattan offers a hybrid Valuations Specialist position with 3 days onsite and 2 days WFH. Salary ranges $240,000–$250,000 annually plus bonus, with ASC 820/946 compliance responsibilities.

Responsibilities include valuation modeling, NAV close, audits, and vendor management, partnering with IT for automation and dashboards to monitor KPIs.

Responsibilities

• Support the preparation of daily, monthly, and quarterly valuation models and portfolio analytics across private equity and private credit strategies.
• Perform model validation on new valuation models and calibrate models for new investments at onboarding relative to transaction price.
• Manage market data inputs (e.g., public comparable companies, waterfalls, yield curves, credit curves, and volatility) to ensure strict compliance with valuation policies.
• Perform variance, attribution, and back-testing analyses (e.g., marks vs. realized exit prices) to explain and reduce valuation movements.
• Support the quarterly NAV close process across private equity, private credit, co-investment, and secondaries strategies—including reviewing capital statements and roll-forwards.
• Draft and maintain valuation memos and documentation evidencing fair value determinations under ASC 820 and ASC 946.
• Manage fair value hierarchy classifications (Level 1–3) and related disclosures in footnotes and financial statements.
• Monitor evolving accounting standards (SEC Rule 2a-5; FASB proposals on discounts) affecting valuations.
• Maintain valuation policies, procedures, internal controls, and testing documentation.
• Coordinate communications with fund auditors during the annual audit cycle.
• Manage relationships with third-party valuation service providers for estimates and reports.
• Serve as cross-functional liaison with Operations, Accounting, Risk, and IT on pricing and inputs.
• Support Valuation Committee meetings by preparing materials and tracking open items.
• Respond to investor, consultant, regulatory, and DDQ inquiries about valuation practices.
• Partner with IT to implement valuation setups for new products and automate workflows.
• Develop dashboards and KPIs to report valuation coverage and timeliness.

Job description

Client: Investment Management Firm ($600B+ AUM)

Role: Valuations Specialist

Salary: $240,000 - $250,000/annually + Bonus

Location: Midtown Manhattan - *3 days a week onsite - 2 days WFH*

Key Responsibilities

1. Valuation Modeling & Analytics

• Support the preparation of daily, monthly, and quarterly valuation models and portfolio analytics across private equity and private credit strategies.
• Perform model validation on new valuation models and calibrate models for new investments at onboarding relative to transaction price.
• Manage market data inputs (e.g., public comparable companies, waterfalls, yield curves, credit curves, and volatility) to ensure strict compliance with valuation policies.
• Perform quarter-over-quarter and period-over-period variance, attribution, and back-testing analyses (such as marks vs. realized exit prices) and eliminate material valuation movements.

2. Financial Reporting, NAV Close & Compliance

• Support the quarterly NAV close process across private equity, private credit, co-investment, and secondaries strategies—including the review of GP/manager-reported capital account statements, roll-forwards, and stale-value adjustments.
• Draft and maintain detailed valuation memos and supporting documentation evidencing fair value determinations under ASC 820 and ASC 946.
• Manage fair value hierarchy classifications (Level 1/2/3), Level 3 unobservable input disclosures, and footnote/financial statement reporting.
• Monitor and implement evolving accounting and regulatory standards (e.g., SEC Rule 2a-5 and FASB proposals regarding discounts on contractual sale restrictions).
• Maintain valuation policies, procedures, internal controls, and testing documentation.

3. Stakeholder, Audit & Vendor Management

• Coordinate communications with fund auditors throughout the annual audit cycle and calendar year.
• Manage relationships with third-party valuation service providers regarding point estimates, value ranges, and positive assurance reports.
• Serve as the core cross-functional liaison with Operations, Accounting, Risk, and IT on pricing, P&L, and valuation inputs/outputs.
• Support Valuation Committee meetings by preparing materials, tracking open items, and documenting formal approvals.
• Respond to investor, consultant, regulatory, and Due Diligence Questionnaire (DDQ) inquiries regarding valuation practices.

4. Process Automation & Reporting

• Partner closely with Information Technology to implement valuation setups for new products and automate manual valuation workflows.
• Develop dynamic dashboards and KPIs to report on valuation coverage, timeliness, and exceptions.